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Oil Seesaws On Trade Deal Worries

Oil Seesaws On Trade Deal Worries

Oil prices fell slightly in…

Kazakhstan’s Oil Dilemma

Kazakhstan’s Oil Dilemma

Though Kazakhstan has a large…

Energy / Energy-General

Oil Rally Halts On Economic Concerns

Oil Rally Halts On Economic Concerns

Feb 05, 2019 at 13:26 | Tom Kool

Oil prices have been choppy in recent days, although WTI and Brent are holding onto their gains near multi-month highs. (Click to enlarge)

BP Beats Estimates, Posts Highest Profit In Five Years

BP Beats Estimates, Posts Highest Profit In Five Years

Feb 05, 2019 at 11:48 | Tsvetana Paraskova

Thanks to growing oil and gas production and higher prices, supermajor BP (NYSE:BP) more than doubled its 2018 earnings, beating expectations to post the highest annual profit in…

Iran Puts ‘Recoverable Reserves’ At 160 Billion Barrels

Iran Puts ‘Recoverable Reserves’ At 160 Billion Barrels

Feb 05, 2019 at 10:26 | Irina Slav

Iran has recoverable crude oil reserves of 160 billion barrels, the National Iranian Oil Company said, adding recoverable natural gas reserves came in at 33.33 trillion cubic meters, Mehr news…

The Permian Has A Flaring Problem

The Permian Has A Flaring Problem

Feb 04, 2019 at 16:56 | Nick Cunningham

A report from the Environmental Defense Fund (EDF) found that the rate of flaring in the Permian basin is twice as high as the industry has been reporting. In…

Could This Material Kill Lithium-Ion Batteries?

Could This Material Kill Lithium-Ion Batteries?

Feb 04, 2019 at 14:47 | Irina Slav

Sodium, an element far more abundant than lithium, is expanding its claim to fame in the battery field. A new study from a Japanese university has suggested…

Sanctions Cut Off Venezuelan Crude Supply To U.S. Refiners

Sanctions Cut Off Venezuelan Crude Supply To U.S. Refiners

Feb 04, 2019 at 14:26 | Tsvetana Paraskova

U.S. refiners will not be able to complete transactions for shipments of crude from Venezuela’s PDVSA for cargoes they had contracted before the U.S. Treasury slapped sweeping sanctions on the…

Can Venezuela Revive Its Oil Industry Like Iraq Did?

Can Venezuela Revive Its Oil Industry Like Iraq Did?

Feb 04, 2019 at 13:51 | Vanand Meliksetian

The political turmoil in Venezuela seems to be a never-ending story. Since Hugo Chavez’ presidency, the Latin American country has been the center of attention during several crises. This time,…

Why Are Asian Spot LNG Prices Plunging?

Why Are Asian Spot LNG Prices Plunging?

Feb 04, 2019 at 11:50 | Tim Daiss

In more unusual moves for spot liquefied natural gas (LNG) in Asia, prices for the super-cooled fuel last week fell to a nine-month low amid an uncharacteristically oversupplied market due…

Wood Mac: Venezuela’s Oil Output To Fall Below 1 Million Bpd

Wood Mac: Venezuela’s Oil Output To Fall Below 1 Million Bpd

Feb 04, 2019 at 09:31 | Irina Slav

Venezuela’s crude oil production could fall below 1 million bpd after the United States imposed new sanctions on its already struggling state oil company PDVSA, Wood Mackenzie analyst Ann-Louise Hittle…

Exxon Goes All-In On The Permian

Exxon Goes All-In On The Permian

Feb 01, 2019 at 17:23 | Nick Cunningham

ExxonMobil and Plains All American gave the greenlight to another major pipeline in the Permian basin, which would move 1 million barrels per day (mb/d) from West Texas to…

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